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Monday, October 4, 2010

Bid Moo - Penny Auction Review

Website:
www.bidmoo.com
Prices:
$0.50 each scratch

Auction Features:
-Item price decreases by $0.25 each scratch (bid)
-Free Shipping
-No Win Limits

Contact Information:
None

Bid Penny Review:
Site: 2.0 / 10
Customer Support: 0.0 / 10
Products: 5.6 / 10

Comments: Although the Bid Moo cow is cute, the site definately needs some work. For starters, I could not find any point of contact for the company. For this reason, I would not recommend buying from this site. Next, on the About Us page it reads, "We became interested in Penny Auctions first but we found out that it costs a huge amount of money to survive, we calculated you need minimum $15,000 to start a penny auction just to last for a year.  We realized the best  way to last was to create a website that starts below retail and goes Down not up!  We are in it for the long run, not just this year. " This tells me that Bid Moo does not even have $15,000 backing itself up. The site seems very amiture and unprofessional. I do like the concept of a dropping price and "scratching." However, it does not seem that the creators put much more work into the site beyond the concept.
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